Funding
Raised US$1.6MM via Convertible Notes for acquisitions and working capital.
Loan Details
- 2-year term with 14% interest
- Monthly payments start after 6 months, prepayment allowed after 12 months with a penalty.
- Conversion Option available at a value cap of US$35MM
Summary: Tailwind facilitated a US$1.6MM convertible note raise, empowering the company to expand.
Background: Tailwind Ltd. was introduced to the company through an award-winning financial advisor, establishing a partnership based on mutual trust and shared goals.
The Deal & Funding: Tailwind and its partners successfully secured US$1.6MM in convertible notes. The funds were designated for expanding business and for working capital. Tailwind Ltd. facilitated the transaction, acting as the arranger and agent, with accredited lenders participating. The loan had a 2-year term with a 14% per annum coupon rate. Monthly interest payments started after 6 months, allowing prepayment after 12 months with a penalty. In case of prepayment, noteholders could exercise the Conversion Option instead of receiving repayment.
Successful Partnership: The collaboration with the company led to a thriving investment opportunity, contributing to their continuous growth.
